Lake Ronkonkoma cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLake RonkonkomaNew YorkNational
Cost of living index139122100
IndexLake RonkonkomaNew YorkNational
Goods & Services index126112100
Groceries index122103100
Health care index115104100
Housing index179149100
Transportation index100122100
Utilities index132102100
An overview of the general cost of living index for Lake Ronkonkoma, NY is displayed above for your reference. Residents in Lake Ronkonkoma, NY enjoy a cost of living index of 139. This index is 14% higher than the New York average, and 39% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Lake Ronkonkoma, NY, the average cost of goods and services is 12% higher than it is in New York, and it is 26% higher than the national average.

Did you know?

  • The cost of living in Lake Ronkonkoma is 14% higher than the New York average.
  • The cost of living in Lake Ronkonkoma is 39% higher than the national average.
  • The cost of housing in Lake Ronkonkoma is 79% higher than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

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Compare Lake Ronkonkoma, NY Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Lake Ronkonkoma, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Lake Ronkonkoma, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Lake Ronkonkoma, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$109,526$9,127$2,555$3,286
Renters$41,094$3,425$959$1,233
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lake Ronkonkoma, NY as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lake Ronkonkoma, NY homeowners, is $109,526. This would allow for a maximum of $2,555 per month to be spent on housing costs. For renters, the median monthly income is $41,094 which would result in a maximum of $959 to be spent on rental costs.

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%
When assessing the complete cost of living in Lake Ronkonkoma, NY, the New York income tax and the New York sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New York maximum surtax is 8.875%, and the New York sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4% to 8.82% in New York.

Goods & Services

ItemLake RonkonkomaNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%

Groceries

ItemLake RonkonkomaNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemLake RonkonkomaNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%

Housing

ItemLake RonkonkomaNational avg.Difference
Home Price $339,700.00$175,700.0093.3%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,351.00$920.0046.8%

Transportation

ItemLake RonkonkomaNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemLake RonkonkomaNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$28.262.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Mastic Beach, NY14,88012525%
Ridge, NY12,92112828%
Mastic, NY16,27413030%
Central Islip, NY36,23313131%
Brentwood, NY59,43613131%
Lake Ronkonkoma, NY19,93313939%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Evergreen Park, IL19,9241055%
Elmwood Park, NJ19,92113434%
Dickinson, ND19,92099-1%
King of Prussia, PA19,91912727%
Franklin Farm, VA19,95615858%
Lake Ronkonkoma, NY19,93313939%
Source: The Lake Ronkonkoma, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.